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chairman steve forbes and roy hewitt will go on the tax reform plan. >>> and mayor bill de blasio acting like a sandanista. shutting the door on three charter schools and hundreds of kids in new york city. american parents see charter schools as the only way out of poverty for their kids and mostly minority kids at that. we will have the latest on that. meanwhile don't forget free market capitalism is the best path to prosperity. economic freedom and democracy may be at stake in the ukraine. that's why it's important. i'm kudlow and we'll be right back. vo: once upon a time there was a boy who traveled to a faraway place where villages floated on water and castles were houses dragons lurked, giants stood tall, and the good queen showed the boy it could all be real. avo: whatever you can imagine, all in one place. expedia, find yours. anbe a name and not a number?tor scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't tr
from american tax collectors. it's the stuff of countless spy novels but senators say it it's all too real. $12 billion hidden away in suisse bank accounts, none of it taxed. top creditors of credit suisse accused of helping u.s. customers evade taxes in hidden accounts and overseas shell companies. brady doingen was contrite. >> credit suisse management team regrets deeply despite the industry leading measures we put in place we had suisse bank private bankers who appear to have violated u.s. law. >> doingen blamed a small group, and whoever is to blame, their methods were cloak and dagger. bank statements were slipped into a copy of "sports illustrated" and handed to a client. and in in an airport where clients never had to leave airport ground. after each transaction account statements were immediately shredded. it was all done without filing any u.s. tax. >> the jigs is up. >> senators want client names, but creditors say they're squeezed between u.s. and suisse law. >> you think you're going to be convicted in a suisse court. is the suisse government going to prosecute you if you
tax revenues from aliens hidden overseas. i don't buy their narrative. the american people shouldn't darsha the department of justice mr. cole. i ask you to keep in mind in use already available legal tools at your disposal rather than relying upon the treaty process. so i guess my first question mr. cole is niche or even if the senate ratifies the 2009 protocol to amend the convention between our two countries for the avoidance of double taxation the justice department will be no closer to obtaining information from noncompliant bank accounts close prior to 2009? >> senator that's true. the 2009 treaty only applies to matters and situations after the september 2009 time that it was put into place. >> so basically never certainly in the way we are urging information about noncompliant tank accounts that were close prior to 2009. >> i don't think that's necessarily the case. >> how do you do that then? >> the program we have is going to require that hanks even prior to 2009 go back into 2008 and provide us with the information about accounts that will enable us to make much more eff
suisse today after a senate board accused the bank for helping americans evade millions in taxes. helping hide as as it is from the government. so far the government has learned of 228 account holders. credit suisse agreed to pay a fine for violating u.s. securities laws. mike viqueira on capitol hill, there were sharp exchanges in that senate banking sub committee hearing room today. >> reporter: you're absolutely right because that investigative committee of the united states senate spent a lot of years looking into the swiss banks, sending billions of dollars into secret accounts to try to aprovide paying taxes here in u.s. it appears certain suisse bankers have nothing--james bond has nothing on suisse bankers. >> reporter: it's the stuff of countless spy novels by some senators say it's all too real. as much as $12 billion hidden away in suisse bank accounts. all secret, none of it legal, none of it taxed. top officials of credit suisse, called before a senate panel accused in a congressional report of helping 19,000 u.s. customers evade taxes through hidden accounts and ov
seeking tax exempt status. this after the inspector general found 298 applications had been singled out for special review including 100% of groups with tea party or patriot in their name, but only 30% of groups with progress or progressive. now republican congressman darrell issa, chair of the powerful house oversight committee wantslern s lerner to testify again wednesday. chairman issa, welcome back. >> thanks for covering what we believe is going to be a good fact finding hearing. >> well, let's talk about that. because when you recalled lois lerner under subpoena to testify again this coming wednesday, her lawyers said you you can call her, but she won't testify or answer any questions, continue to at that time fifttaat that t. >> her attorney indicates how that she will testify. we've been back and forth negotiation. wi believe the evidence we've gathered causes her in her best interests to testify. >> so lowislerner who took the fifth last may will testify before your committee? >> according to her attorney. >> this will be on wednesday? >> it will be on wednesday. >> what change
had pushed infrastructure in 2009 instead of the failed obamacare. plan includes closing tax loopholes to help pay for projects. this is what they report in "wall street journal." lands to improve roads, bridges, and tunnels received a laid as president obama out a proposal for infrastructure upgrades, paid for by unspecified changes to the tax code. the question of how to pay for the work remains sticky. numbers of both parties have pointed to tax code changes as a financing source. the speaker of the house said we have to find funding mechanisms to fund our infrastructure needs. the hunt has been on for the last year to find the funding source. i wish i could report that we had found it, but we haven't. he also said that he and mr. obama discussed the country's infrastructure problems, but did not come to an agreement. mr. camp would raise money through a one-time tax on corporate overseas profits as part of a transition to a new international tax system. here is dave camp talking about his tax reform proposal. [video clip] >> we must enact real, meaningful tax reform. i am releasing
of conservative groups seeking tax exempt status. this after the treasury department found 298 applications had been singled out for special review including 100% of groups with tea party or patriot in their name but only 30% of groups with progress or progressive. now republican congressman darrell issa, chair of the house oversight committee wants lernor to testify again wednesday based on new information he has. chairman, welcome back to "fox news sunday." >> thanks for having me back and for covering what we believe is going to be a good fact finding hearing. >> all right. let's talk about that. when you recall low he ed lois o testify, her lawyers said can you call her but she is not going to answer any questions. i understand you have late breaking news. >> we do. her attorney indicates now that she will testify. we've had a back and forth negotiation. but quite frankly, we believe that evidence that we've gathered causes her in her best interest to be summoned to testify. >> lois lernor will testify before your committee? >> according to her attorney. >> this will be on wednesday? >> wed
, totaling almost $4 trillion. it includes new tax hikes to offset additional spending for education and job-training. but republicans say it does nothing to address the nation's fiscal challenges. we'll discuss its approach to helping low income americans, later in the program. israeli prime minister benjamin netanyahu is warning the u.s. and the world against letting iran go ahead with any part of its nuclear program: he spoke in washington, a day after meeting with president obama. >> the leading powers of the world are talking about leaving iran with the capability to enrich uranium. i hope they don't do that because that would be a grave error. it would leave iran as a threshold nuclear power. >> woodruff: netanyahu also said that far from easing sanctions on iran, the world should increase them. he also urged the palestinians to recognize israel as a jewish state, if they really want peace. the process of removing syria's chemical weapons is picking up pace. the dutch diplomat overseeing the operation said today the assad regime has handed over six shipments of toxic agents. she spoke
's about our values. as a country we've got to make a decision if we're going to protect tax break for the wealthiest americans or or make smart investments to create jobs and expand opportunity for every american. >> among the proposal an end to the carried interest loophole which allows hedge fund managers to be taxed at a very low rate, spending $302 billion to repair the nation's roads and bridges, and closing the $4 billion worth of fossil fuel loopholes every year. the proposal includes an idea with historically bipartisan support. it's little known but highly effective tax rebate for the poor, earned income tax credit. yesterday in a 200-plus page report in the failures on poverty, budget chair paul ryan wrote, research finds that the best anti-poverty programs encourage work, programs like the earned income tax credit increase labor force participation. the president likes the earned income tax credit and paul ryan likes the earned income tax credit. so how did mr. ryan respond to the president's overture one day later? quote, this budget isn't a serious document, he said i
kind of world war ii camp. allen with al jazeera, north idaho. >>> a tax break for more than 13 million americans, president obama set to unveil the new budget this morning and tell you who will benefit the most if that proposal makes it through congress. plus you might call it thc-tv, marijuana commercials could be coming to a television society near you and life gave them lemons and they made lemonade and going to school. >>> if you think durant is the mbp lebron says not so fast and we will talk about the record in south beach. ♪ welcome back to al jazeera america, i'm stephanie sy, israel's prime minister is pushing back against u.s. diplomacy in the middle east and met with president obama on monday and discussed a framework for reaching a pack with the palestinian and netanyahu had frustration for, syria and iran and to have compromise israel must be secure and netanyahu will deliver the keynote speech to the american, israel publish affairs and apac is the largest and pro-israel lobbying group in the u.s. and as you can see libby casey is joining us from washington and good mor
it is the best poverty fighting idea the government has had in decades. the earned income tax credit. now president obama wants to expand it. in aore, let's bring senior economist for bloomberg government, which analyzes how policy decisions affect business. the earned income tax credit or raising the minimum wage, which works better? going to answer that question specifically. i'm going to tell you why people like the earned income tax credit. they like it because it encourages work. pullingsponsible for six and a half million people out of poverty in 2012, 3.3 million that were children. support ratetisan it has the effect the democrats like any incentives that republicans like. >> you are punting and not answering that. for the sake of argument, run through the things that people like about raising the minimum wage. we have seen that those receiving minimum wage at a higher level feel good about their lives and feel like they don't have to work two jobs anymore, and there are all these psychological benefits that have knock off effects which other economists describe as positive. >> th
the clinton administration and congress last raised the gas tax. that was 21 years ago when gasoline was $1.08 and i wonder if barack had even met michelle and there it remained for 21 years. due to inflation and fuel economy increases, the average cost per mile that the american motorist pays to the federal government for transportation has been cut in half. i went on the budget and the ways and means committee the last eight years in order to deal with this issue, but frankly i'm tired of waiting. i introduced a gas tax increase phased in over three years to fully fund a six-year re-authorization. was pleased to be joined by friends during my bill introduction by the u.s. chamber, the afl-cio, truckers and a.a.a., transit, local government, environmentalists, road builders. i find it hard to say people will say this will be a heavy lift because there's little support for it. when chairman camp offered $150 billion last week in his tax reform bill, what president obama suggested $300 billion, where was their broad base of support? maybe that's why both proposals were called dead on arrival
ask you about taxes. you were part of a bipartisan group that discussed taxes. camp came out with a plan this week. -- withwith unlimited limited enthusiasm. governor o'connell said we will not be able to finish the job. baker boehner said it is the --inning of the conversation speaker boehner said it is the beginning of the conversation ,fter saying "blah, blah blah." this tax reform dead for the year? >> yes. >> that is a quick answer. >> he is a tremendous amount of work. he leads in the chairmanship. i was at the first meeting. we were trying to reenact what happened years ago when we met him at an irish pub with max office and david kamp and others to begin talking -- max baucus and david kamp and others to begin talking. i think he has done something good by laying out what he believes with republicans and the democrats, what she thinks tax reform might well look like. i think in no way will it be dealt with this year. i think no thing important will be dealt with this year other than i am actually believing there is more than a murder of hope that we are linked to addr
: the obama administration is rolling out its 2015 budget and singing the familiar tune. can use a tax hikes? cheryl: oil prices reversing course, down 4% after closing at the highest level in five months yesterday. commodity analyst matt smith and phil flynn saying get used to this volatility. the energy burrito and the mighty fallen coming up next. when does your work en does it end after you've expanded your business? after your company's gone public? and the capital's been invested? or wn your compan's bought another? is it over after you' given back? you never stop achieving. that's why, at barclays, our ambition is to always realize yours. coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them. cheryl: reversal of fortune in the energy it,
look at 501 c 3s. they are allowed to do it. all of these are tax deductibles. here are the unions they are allowed to do it all. this the is present administration trying to stifle the voices. this isn't just about republicans opposed to. this aclu opposed to this and also the syria club. because this is what the new proposal would be. stifle the a 01 c 4s. >> what's the difference between 501 c 4 and 501 c 3. >> this is tax deductible. this is charitable these are syria club. these are your volunteer firefighters. these are the individual groups going through. and you know what? the comment period ends tomorrow it. they have gotten 69,000 comments on on sierra opposed. aclu. he keystone had 700 comments. they never had these comments mostly all opposed. >> what republicans say is it is designed to shut down the tea party groups but it applies equally to liberal groups and conservative and tea party groups, right? >> i don't care who it goes after, it's wrong. it's government trying to shut your voice down. remember what the first amendment says. >> why would the administration wa
. tonko, will pick up the energy piece. but in the president's budget there are these key sectors, tax policy, education, research, infrastructure. let's start at the bottom and work to the top. the president's proposed a $305 billion, four-year transportation program for the united states. anybody that's driven today or east e west coast coast knows we have gridlock, we have transportation problems of all kinds. so the president comes forward with this major initiative, really a significant increase in what we have done in the past. he wants to focus it first on repairing what we already have. the pot holes, the bridges that have fallen down, and others that might. saying, let's get do that. and then he goes about building the more modern transportation systems that we need, expanding our highway program, but also the rail systems, the inner city rail, the intercity rails nd the street cars and other kinds of mass transportation systems. very, very important. and he proposes how we pay for it. he says, we ought not give the oil companies a -- the big four -- a $5 billion annual tax b
, that is senator bob mennendez. a possible tax break for 13 million americans. president obama unveiling his new budget. we will tell you if it gets an icy chill on capitol hill when that proposal makes it through congress. >> when i first started the learn with ms. sally, it was hard. it was hard. but i -- this is what i wanted to do. >> fighting illiteracy in adults. one man's journey just to learn how to read. al jazeera america gives you the total news experience anytime, anywhere. more on every screen. digital, mobile, social. visit aljazeera.com. follow @ajam on twitter. and like aljazeera america on facebook for more stories, more access, more conversations. so you don't just stay on top of the news, go deeper and get more perspectives on every issue. al jazeera america. >>> any minute now, israel's prime minister is set to address a key group of lobbyists. this is senator bob mennendez addressing the crowd. benjamin netanyahu will deliver his speech to the american/israel public affairs committee, one day after a closed door meeting with the president. they discussed reaching an agreemen
in swiss bank accounts and held avoid tax. between 2001 and 2008 a band of credit suisse bankers, they boarded planes and headed en masse to the united states on tourist visas. once in america it was time to woo possible clients. trips to miami, golf tournaments and high society cocktail party was part of the course. it was here that "sports illustrated" magazines were used to hand over bank statements on the sly. page 39, bob, that's according to one client. it all sounds very "wolf on wall street." the report claims the bank opened swiss accounts for more than 22,000 u.s. customers with assets totaling some $12 billion. that is why the u.s. is annoyed. it wants the taxes the swiss banks helped americans to dodge. our correspondent imojen foulkes is following the story from geneva. >> reporter: i think some of the detail is causing raised eyebrows in switzerland. they have a reputation for being rather cautious and careful. this comes like something out of a spy novel or a hollywood movie. the fact is the swiss do know that their big banks, credit suisse and ubs, at that period
their settlement agreements including the method of calculating the agreements and whether it is tax deductible and so on and the disclosure would be required up front at the time this is announced. now the fed doesn't have to wait for congress to do that, you could voluntarily adopt that public disclosure now. will you do that? >> i agree with you, it is important for us to disclose more and to disclose as much as we can. and we'll look at that very carefully and try to provide for mfgs. >> so in principal we're talking about more disclosure here. >> correct. >> i think this is really important because this is about accountability. we want to hold our financial institutions accountable but it means accountability for our regulatory -- >> i agree. >> and i want to follow up onp senator brown's question about too big to fail. you said we have made significant progress but much work remains to be done and i agree. but since the financial crisis in 2008, the five largest financial institutions are 38% larger than they were back then. so my question is, what evidence would you need to see before yo
that because you're proposing cuts in benefits, tax breaks, eliminating, slowing down pay raises for some of those on military duty that you are in fact trying to balance the budget on the backs of these people who fought these wars. >> well, first of all, that's just not true. we're not making any recommendations on any retirement changes we're going to wait until the retirement commission was was impaneled if we need to do anything on retirement. this isn't just an arbitrary, unilateral approach to trying to slow the growth just to slow the growth. we've got to look at the long term commitments to our people. half of our budget today in the pentagon goes to pay compensation retirement and medical care. that will increase significantly. we're not cutting, we're proposing slowing growth in certain areas. tax cuts, we're not cutting anybody taxes. we're asking for specific considerations. in areas where we are slowly, eventually reducing the growth of pay increases. there will still be pay increases. other areas, we think these responsible, we don't think it breaks faith with our people. b
pay for some of his suggestions it would include a buffett tax, named for warren buffett, to go after high income americans and boost taxes on airline passengers and tobacco products. the president made the pitch for his blueprint at a washington, d.c. elementary school. >> as a country. we've got to make a decision if we're going to protect tax breaks for the wealthiest americans or make smart investments necessary to create jobs and grow our economy and expand opportunity for every american. >> republicans quickly pounced, saying the president's budget would increase spending by $791 billion over ten years. it never balanced and would add $8.3 trillion to our debt in the neck decade, and they said after mr. obama has raised taxes $1.7 trillion, this would be an additional tax increase to largely pay for new spending and not deficit reduction. the top republican on the senate budget committee says he wants to know when the president is going to get serious. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it
on supporting the middle class then reducing the budget deficit through higher taxes for the bench. he's apparently during the midterm congressional elections in november. obama is calling for more works projects such as repairing roads and railways. he also aims to boost employment by introducing more vocational training. his proposals include tax cuts for lower income people and better pre school education. spending is set to slightly exceed three point nine trillion dollars while revenue is expected to increase to more than three point three trillion dollars as an economic recovery boost tax income. obama says the budget deficit will decline to five hundred sixty four billion dollars the lowest level in his presidency. we go to the side of the road you squeeze the middle class or for going to continue to reduce the deficit is responsible for all taking steps to grow and strengthen the middle class. republican house speaker john bain are strongly criticized the draft he said it was the most irresponsible. he said it would only increase spending and borrowing expanded governments and
enrollment web sites up and running. the change permits residents of those states to receive federal tax credits, even if they ended up buying insurance outside the online exchanges. white house spokesman jay carney. >> subsidies of aca remain available no matter how you get insurance. we're making sure cms is working closely with states to successfully implement their marketplaces. and that includes making sure that those who are eligible for subsidies are able to receive them. >> woodruff: the problems with the federal health care insurance exchange have largely been repaired. but the states of oregon, maryland, massachusetts and hawaii are still laboring to get their websites into optimum shape. a retirement surge means regional airlines in the u.s. will need hundreds of new pilots each year over the next decade, but they may not get them. the government accountability office reports 11 out of 12 regional carriers failed to meet hiring targets last year. a major factor could be the average annual starting salary, just $22,400. regional airlines handle half of all domestic flights. >>
a decision if we're going to protect tax breaks for the wealthiest americans or if we're going to make smart investments necessary to create jobs and grow our economy and expand opportunities for every american. at a time when our deficits are falling at the fastest rate in 60 years we have to decide if we're going to keep squeezing the middle class or reduce deficits responsibly while taking steps to grow the middle class. >> that was president obama outlining his $4 trillion budget for 2015 setting the stage for another budget fight. it calls for growing are the tax expansion. the president says he's paying for all of this by closing loopholes, one of which is wall street's favorite loophole which allows hedge fund managers to count their investments as income instead of capital gains. many think it faces a long road because of republicans in the house. to walk us through the budget battle, jimmy williams, an opinion writer for u.s. news.com and an msnbc contributor. how are you? >> how are you, hello. >> i want to start with one of the more important things which is that child care tax cr
legal regulation and production and taxes and all those things, that i think it weakens its own but also for the 30s, 40s and part of the 50s they weren't allowed to have tasting room so customers cut in -- couldn't come in and try it. the secretary of honeywood at the time then bought it and she actually went to lobby for tasting rooms. so we hold one of the first tasting rooms because of her. she was a pioneer and i think that opened it up and made it a lot easier because if you can't try it it makes it hard to make a decision. i have read a lot about how it's definitely a big part of the economy and not just agricultural part but there's a lot of wineries that do weddings and restaurants so it kind of reaches out further than just production of wine. it really touches i think everybody in some way but definitely agriculturally it has grown so much and it's a large part of the oregon economy. i think the oregon wine industry is unique in the fact that there is a lot of small wineries so you get that more personal feel. you can move onto a tasting room
with the same old stale ideas of raising spending and taxes and nothing new in there. and i am disappointed he put 58 billion worth of new spending sense he signed a bill with a budget agreement two months ago. >> the white house said 13 million americans are getting a tax break, are they? >> the best way to make sure everyone is are treated fairly is to reform. it we put out to reform corporate and individual side. and millions of jobs would be created. i wish the president would come down and listen and have a dialogue. >> he is calling for more spending. >> what is the chance that more spending passes this congress? >> i don't think he has much of a chance here in the house. i can't speak for the senate. but more spending is not the issue here. it is odd it came out on the same day we reached the $17.4 trillion debt. the debt clock is ticking and until we get serious about growing your economy and creating more jobs, obviously it is not the congress that creates jobs. but the american people are the job creators and we have a number of bills laying on the desk in the senate waiting for thos
control and in plans in time courtesy of tax hikes, but not a lot of spending cuts. >> well, a couple things. first of all, if you look at this budget, it shows the that the deficits are steadily decreasing, year by year. as you know, we've cut them in half over the last four years. and this budget puts the them on a continuing downward trajectory, number one. >> but they are still relying on tax hikes. $1 trillion worth over the next year. and i'm wondering, where are the savings? because the president and republicans, too, there were no fair players on this, they reversed what were going to be minor cost of living juchlgts in the last deal. they scrapped that altogether. writes the will for getting this under control? >> two things. i think if you look in the medicare area, the president's budget identifies some additional efficiencieefficienc that are saved, that are cut, not by harming beneficiaries, but by reducing and continue to reduce some of the overpayments to the private insurance companies, by changing the way you reimburse big pharmaceutical companies. those are real cuts
proposals to reform the irs. feel --p is set to on unveil his for pushover tax reform. what are some of the things that we know already about the proposal that chairman camp will announce question mark -- announce? >> he has been able to reduce income tax for individuals to 25%. we are hearing about a big tax on financial institutions and banks that could raise $60 billion. -- it is a hearing upmor mill appear -- -- u here. you are hearing capital gains tax. surtax.ll be a there are a lot of different proposals coming out of ways and means today and coming out of k street. we have seen analysis from the joint committee on taxation. >> what are you hearing from rank-and-file members in terms of this being an election year. how are they greeting the news of a tax reform package? >> we reported this morning and are night that republicans supported in general and in theory as a republican idea. when it comes to being a few months out of the midterm election, they are not pleased that they have to take a stance on a bill that has a lot of democratic ideals and it. it.n they may take a wha
brewer's decision on the veto. >>> a new investigation reveals shady business dealings to hide tax dollars. >>> a whole lot of new worlds, nasa scientists, more than 700 new planets are discovered. >> welcome back to al jazeera america. i'm john siegenthaler in new york. a lot to cover this half hour including trapped. tens of thousands of syrian refugees, seeking to get food and shelter. >>> hiding billions from the irs. >>> now the corvette sinkhole on display for all to see. >>> ukraine's transitional government faces a vote in the parliament tomorrow. it comes less than a week since viktor yanukovych was forced from office. warning against a military intervention in kook. u.s. is ready to offer ukraine a billion dollar alone. >>> in depth review of sexual assault in the military. the pentagon has said, 600 people have been disqualified from positions of drill sergeants, recruiters or sexual assault. >> arizona governor jan brewer has just vetoed a controversial gay rights bill. that measure would have allowed business owners to have refused to serve gays on religious grounds. s
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break fast. >>> coming up on "morning joe," congressman dave camp with his new tax plan that is drawing fire from both sides of the aisle. andy serwer will be us and the ice skating duomeryl davis and charlie white will join us. here is bill karins with a check on the forecast. >> no more doritos? >> we got them. >> oh, one more! >> oh! >> eat the whole thing. >> that is a step away from joe scarborough who just leaves it sitting -- >> learn from the master. >> what is the weather? >>> two storms for the west coast. the first in california yesterday and the second one is out in the pacific. this is the big one and waiting for. it's not going to end the drought but take a dent out of it. areas up there in the mountains, we could see up to four feet of snow in the mountains of california. this is much needed. we are predicting about 2 inches of rain and maybe 3 inches of rain in l.a. the most they have seen from one storm in three years. gives you the perspective of how bad this drought has been. of course, the temperatures in the northern plains. this is just brutal stuff. i mean, i know
of that kind of growth. one reason we're not is bigger government, more taxes, more regulation, and more debt. and we're not going to get out of it until we get off that path. so now we have a veterans bill before us. nobody, i don't believe, is more committed to veterans in this body than i've been and so many of my colleagues on both sides of the aisle want to do the right thing for veterans. but it's an audacious thing that we're seeing here today. let's review some of the history. just two months ago, every senate democrat, every senate democrat voted for a bill to cut military pensions for our soldiers. our military retirees and even our disabled veterans. it was in their bill. senate democrats then blocked not once but twice my efforts, other republican efforts to restore those cuts by closing a tax credit loophole for illegal immigrants. i see my colleague and friend, senator sanders, here. i'm going to get to the point, i'll just do it now because i know he's got a busy agenda and i think i know how the script will all play out and if i just had my glasses i might could read this bett
? >> okay. dylan dreyer, thank you for that. >>> another big fight fort gop. this time it's about taxes and they're fighting each other again. >>> plus, the nfl wants to crack down on players using racial slurs. but can and should the owners impose this rule? former congressman and college football quarterback jaycee watts joins me next. >>> and a reminder, the dramatic and breaking developments in the ukraine. we are following it for you. we'll get more reaction in this hour. [ female announcer ] new fiber one protein cereal. ♪ yeah, yeah, yeah, yeah! ♪ we are one, under the sun ♪ under the sun... [ female announcer ] fiber and protein. together as one. introducing new fiber one protein cereal. [ female announcer ] fiber and protein. together as one. "stubborn love" by the lumineers did you i did. email? so what did you think of the house? did you see the school ratings? oh, you're right. hey babe, i got to go. bye daddy! have a good day at school, ok? ...but what about when my parents visit? ok. i just love this one... and it's next to a park. i love it. i love it too. here's ou
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no more special tax breaks to private equity. ♪ >> at a time when president obama is trying to show the world he has what it takes to also up to russia, he released his budget. as billion for the military he cuts forces, retires weapons and slows the growth of military spending. i asked the senator john mccain what he thinks of the budget. these cuts in defense spending are based and has been made known by the administration there will be no more land wars. weyou know how many times have said that in the 20th century after world war i, world , andi, korean war, vietnam we always had to rebuild the military, because it is not always a conflict of our choosing. >> do you see this as a central problem with the president's budget? issue with america's role in the world. he does not believe in american exceptionalism or leadership. that is why our influence is , especiallyhe world in the middle east where the united states influence and power is no longer a factor. much a consensus builder. we did not have it with the u.k. for syria. do you think things are changing at all or still in th
an economic renaissance, right? >> absolutely. if we just do a couple simple things -- we haven't had tax reform since 1986. it was before the internet got invented. we don't have a system that's competitive. immigration, that's a challenge. we need stem workers in this country to free up manufacturing. you have a bipartisan budget proposed. proposed. we put aside the shutdowns and debt ceilings and all that debate came off the table. those are small victories. >> joe ecchevaria. >> you said that differently. >> well, that's how other people say. >> coming up, mayor de blasio under fire. we'll talk to charter school founder eva moskowitz straight ahead. we'll be right back. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. millions have raised their hand for th
credit suisse facing acquisitions of helping americans evade their taxes. >>> we begin with a divided ukraine, protesters are in the streets of the country's east where many there favor ties with russia, while in kiev they are picking a new cabinet. the riot police have now been disbanned, but the country teters on the merge of economic collapse. jennifer glasse is live from kiev. >> this city is 90% russian, it has been russian based since the 18th century, and still is. the people here very unhappy with development in kiev. so you feel left out? you feel like they didn't ask you? >> yeah, yeah, they just follow they -- they direction. we are staying aside, yeah. but now we will fight. >> reporter: and they are really unhappy about the fact that kiev made ukrainian the official language just a couple of days ago. 90% of the people here speak russian, many are ethnic russians. so very, very angry about what is happening in kiev. they appointed their own mayor he is not a ukrainian citizen at all, he is russian. they say we are going to find our own path. >> reporter: and a big problem
proposed his pet project of an income tax cut. i mean, that's something that requires a lot of belief, a lot of credibility that new jersey can actually afford. he didn't even mention it. and that's something that really appeals to his base. >> you heard from a whole bunch of prominent democrats only after your defeat in that election for governor of new jersey, whether it was the vice president, debbie wasserman schultz, the chair of the dnc, all these democrats, they basically did -- and correct me if i'm wrong -- nothing to help you beat chris christie. do they owe you an apology? >> i think it was a miscalculation on their part. i think people were taken in again, by his cult of personality, but even if you didn't buy into the fact that i could win, which i believe i could have, the fact that there was -- these issues were out there. my campaign drew attention to the fact that this administration was bumbling distribution of sandy funds. we didn't have the money to go up on tv as much as we needed to communicate that message, but we had a very robust online presence and we brought
tax exempt stating are trying to figure out how it started. after the supreme court ruling of january 2010 up holding the rights of groups to contribute to races, president obama called on them to fix it in his address. >> they reversed a century of law that i believe will open the flood gates for special interests. >> a month later, new york democratic senator chuck schumer announced he was introducing the disclose aid, and then in april 2010, the president warned about shadowy groups with harmless sounding names. they said the irs felt the pressure. >> we never heard about any problems with people applying for tax status since 1959 when there were rules put in place. we never had problems until 2009 when this administration took over. that's when it all started. >> at numerous congressional hearings, lawmakers have heard the horror stories of people who had their lives turned upside down by the federal government. >> since that filing in 2010, my private business, my nonprofit organizations, my family and i have been subjected to more than 15 instances of audit or inquiry by federal
. at the same time bush gave huge tax breaks to the wealthiest people in this country. ran up a huge deficit. then under obama the republicans come back. they say, gee, we have a terrible deficit. we're going to have to cut social security, medicare, medicaid, education, environmental protection. the needs of the kids' nutrition programs because of this deficit. so if you are asking me, do i this i that same set of policies will play out? more money for defense, then rising deficits and then cutbacks on programs that middle class and working families need? absolutely, that is what will happen. >> what is going to happen to these veterans, now, senator, if they're not going to get this kind of funding. there are a lot of veterans in this country that are being undercut, that are not being -- our obligation, we are not living up to our obligations because of war and budget cuts. so what does that say to the next generation thinking of a career in the military? >> that's a very important point. it says if we cannot keep faith with those people really hurting as a result of service to this count
income taxes. is he a lawyer. he won't even name the source. but he says this stuff to slime somebody. this is a leader. this is ♪ just a rank and file senator. this is a majority leader. how does he get away with just saying awful things. >> well, listen, somebody has to push bag being back on the idea whether it be the koch brothers. >> how about george soros. talk about the koch brothers talk about george soros. >> people putting false ads on the air mary landrieu louisianans saying getting mail canceling health insurance they are all actors. that's simply not true. >> here is a way. some things are untrue. what he said all were untrue. that's his problem. and he doesn't go back to the floor and said i was wrong when i said all. and i really hammer him because is he a lawyer. and he knows, you know, getting the facts right matter. >> getting the facts right does matter. and the fact is that when there are allies of the republicans in the senate spending hundreds of millions of dollars lying about the affordable care act on the air. >> with the truth. >> the truth hurts here becau
-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> welcome back to hannity, while president obama's weakness is on full display this week, his disastrous farm policy is not the only reason for major concern, here at home he unveiled a $3.9 trillion budget plan today, or should we say stimulus round two, packed with new spending, 600 billion in $6 new taxes on the so-called rich. here to defend this indefensible position. i don't know why i like you, stop laughing, don't be my friend. >> easily defensible. >> another stimulus plan. more debt, higher deficits, rob our children blind and you're all in support of it? >> it's not that i'm in support of it let's talk about what it really is. the numbers already been decided. that was the whole partisan thing that happened a few months ago, what we're going to quick et over is ho
is optimistic for a good reason because we don't have big tax increases and spending cuts like we did last year. it creates a much better climate. >> as the fed has pointed out, this bill engages in very loose monetary policy. they're taking away the extraordinary measures. they are not raising rates. they're been very clear that rate raising is going to be starting untilot 2015. >> how quickly can policymakers make that pivot? >> there are two ways they could change the paper. it they could slow the amount of tapering from $10 million to $5 billion zero. or they could actually reverse it and start adding. they can do this whenever they want. they can have an inner meaning of vent -- even. they can do it whenever they have a meeting. whenever they want. although i really think they won't do an inner meeting group. they might do one. >> that said taper strategy -- it is interesting to note that although the fed is a ,arket and have similar views the fed is more optimistic about the economy. if the economy does weekend and it turns out not to be just eather, you could see a halt in the taper. wha
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